Property News · July 27, 2016

Dubai's Emaar Malls second-quarter profit up 11.2%


Dubai’s Emaar Malls, a unit of Emaar Properties which operates high-end retail facilities including Dubai Mall, reported an 11.2 per cent rise in second-quarter net profit on Wednesday.Emaar Malls made a net profit of Dh458 million in the three months to June 30 compared with a profit of Dh412m in the same period a year earlier.EFG Hermes had forecast Emaar Malls would make a quarterly profit of Dh488m.Quarterly revenue was Dh785m, up from Dh721m a year earlier.Emaar Properties owns about 85 per cent of Emaar Malls, having floated the remainder in 2014. At the time, the Dh5.8 billion share sale was the Gulf’s largest since 2008.business@thenational.aeFollow The National’s Business section on Twitter

Source : thenational.ae
Read more…Dubai’s Emaar Malls second-quarter profit up 11.2%

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